Wednesday, 25 January 2012
Tuesday, 17 January 2012
Monday, 9 January 2012
Bullish - Start of a new bull market ?
Stock markets in a bullish mood lead by the financials. If one see a bull market coming, one should open a long position and sit tight. Stocks are breaking out of bottom formation and even the much beaten down solar sector looked primed to move.
Click on chart to enlarge (BAC)
Click on chart to enlarge (YGE)
Click on chart to enlarge (AA)
Click on chart to enlarge (BAC)
Click on chart to enlarge (YGE)
Click on chart to enlarge (AA)
Wednesday, 4 January 2012
United Steel (X) Leading The Charge
Happy New Year, folks!
United Steel (X) is leading the way for the basic materials sector. United Steel had broken out of a nice basing pattern formed over a few month and had also gap up above its horizontal resistance and is now nibbling on its current resistance at $28.50. A close above $28.50 would be extremely bullish for this stock.
Click on chart to enlarge (Daily Chart)
Click on chart to enlarge (Weekly Chart)
United Steel (X) is leading the way for the basic materials sector. United Steel had broken out of a nice basing pattern formed over a few month and had also gap up above its horizontal resistance and is now nibbling on its current resistance at $28.50. A close above $28.50 would be extremely bullish for this stock.
Click on chart to enlarge (Daily Chart)
Click on chart to enlarge (Weekly Chart)
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